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Launched

Vanguard Emerging Markets Ex-China ETF

VEXCNYSE ArcaVanguardA

$85.06−4.64 (−5.17%)

At close: Nov 5, 2026, 4:00 PM ET

A83/ 100

Rank 1 of 22 in Emerging Markets Stocks

A83/100Rank 1 of 22inEmerging Markets Stocks
Intraday session: down, 79 prints from 89.70 to 85.06. Range 85.01 to 88.16. Use the arrow keys to read each point.86.0087.0088.0089.0010 AM12 PM2 PM4 PM
Expense ratio
0.07%
Fund size · all share classes
$276M
1Y total return
+10.8%
Yield · Last 12 months
No data
Holdings
1019
Avg volume · 30D
20.9K sh
52W range
low $75.68high $98.79
Launched

The ETF.net VEXC Grade

A

Score 83 out of 100

Category
Emerging Markets Stocks⁠
Rank
1 of 22
Six-pillar profile for VEXC. Scores out of 100: Cost 100, Risk 85, Mission 93, Tradability 62, Holdings 52, Durability 55. Strongest: Cost (100). Weakest: Holdings (52). Leans toward Cost.

Score 83 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A100 out of 100
    Rank 1 of 22

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A93 out of 100
    Rank 9 of 17

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A85 out of 100
    Rank 1 of 22

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B62 out of 100
    Rank 5 of 22

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C52 out of 100
    Rank 13 of 19

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B55 out of 100
    Rank 12 of 22

Our read on VEXC

ETF.net Research

In short

AVanguard's emerging markets, China removed. Same index-tracking discipline, 0.07% a year, a fraction of what the typical EM fund charges. Ex-China is no longer a niche idea; this is the cheap way to own it.

Stated mandate

The fund invests in emerging-market stocks while excluding China and seeks to closely track the FTSE Emerging ex China Index.

Why people hold it

  • Charges 0.07% a year against a 0.49% median for emerging-markets funds, and undercuts the other top-graded names in the group, including XCEM at 0.16% and BKEM at 0.11%.
  • Rules-based, not opinion-based: it tracks the FTSE Emerging ex China Index, so the China carve-out is written into the mandate rather than left to a manager's discretion.vanguard.com
  • Splitting China out of emerging markets puts the sizing decision in your hands instead of accepting whatever weight a broad EM index assigns. Pays quarterly.vanguard.com
  • Ranks among the strongest implementations in its emerging-markets peer group on the things we measure: cost, mandate clarity, index discipline.

Worth knowing

  • Launched in 2025 and still thinly traded, so it lacks the trading heft of the giant EM funds. Spreads can be wider than the Vanguard name suggests.
  • Excluding an entire country by rule means results will drift away from broad EM funds, in both directions, depending on how China does.
  • The remaining basket screens more concentrated than most funds in the category, so a handful of countries and sectors drive much of the outcome.

VEXC Holdings

Holdings pillarC52 out of 100Rank 13 of 19 in Emerging Markets Stocks
Asset class
Stocks
Holdings
1,019
Top-10 weight
36%
Largest holding
2330.TW24.3%

Sectors

  • Technology43.0%
  • Financials20.8%
  • Materials7.7%
  • Industrials6.1%
  • Energy4.6%
  • Consumer Discretionary4.5%
  • Communication3.3%
  • Consumer Staples3.1%
  • Utilities2.9%
  • Health Care2.5%
  • Real Estate1.6%

Geography

  • Taiwan48.36%
  • India20.46%
  • Brazil6.12%
  • South Africa4.97%
  • Saudi Arabia4.22%
  • Mexico2.81%
  • United Arab Emirates2.37%
  • Malaysia2.05%
  • Other countries (14)8.63%

Developed 0% · Emerging 100% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 68.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
12330.TWTaiwan Semiconductor Manufacturing Co Ltd24.33%859,421$67.3M175
22454.TWMediaTek Inc2.90%51,934$8.01M170
3No dataTwd/Usd Fwd 202610011.64%144,700,780$4.55M1
42308.TWDelta Electronics Inc1.46%68,118$4.04M155
52317.TWHon Hai Precision Industry Co Ltd1.23%430,705$3.4M121
6HDFCBANK.BOHDFC Bank Ltd1.08%403,193$2.98M42
7RELIANCE.BOReliance Industries Ltd1.06%237,646$2.94M37
83711.TWASE Technology Holding Co Ltd0.94%117,038$2.59M115
9ICICIBANK.BOICICI Bank Ltd0.93%187,674$2.58M42
10BHARTIARTL.NSBharti Airtel Ltd0.73%110,068$2.02M59
11No dataIndian Rupee0.73%192,313,664$2.01M23
122303.TWUnited Microelectronics Corp0.72%411,482$2M115
13No dataAl Rajhi Bank0.63%104,098$1.75M10
14VALE3.SAVale SA0.62%126,689$1.71M79
153037.TWUnimicron Technology Corp0.62%46,538$1.71M109

Showing 1–15 of 1019 holdings

VEXC Performance

Launched Sep 30, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
VEXC$11,076
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,934
Nov 5, 2025 to Nov 5, 2026. VEXC $11,076. SPY $10,934. Use the arrow keys to read each point.$10,000$11,000$12,000$13,000Nov 2025May 2026Nov 2026

Nov 5, 2025 – Nov 5, 2026

Returns run to the Nov 5, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for VEXC. Periods over one year show the average yearly return.
PeriodVEXC
Year to date+8.6%
1 month−13.3%
3 months−9.5%
1 year+10.8%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for VEXC
YearReturn barVEXC
2026 YTD+8.6%
2025+4.8%

History from Oct 2, 2025

VEXC in the news

VEXC Dividends

Last payment
$0.54 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 4 payments from 2025 to 2026 YTD. Dec 19, 2025 $0.34; Mar 20, 2026 $0.36; Jun 18, 2026 $0.65; Sep 18, 2026 $0.54. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 18, 2026Sep 22, 2026$0.54
Jun 18, 2026Jun 23, 2026$0.65
Mar 20, 2026Mar 24, 2026$0.36
Dec 19, 2025Dec 23, 2025$0.34

$10,000 in VEXC 1 year ago paid $244 in dividends.

VEXC Risk

Risk pillarA85 out of 100Rank 1 of 22 in Emerging Markets Stocks
How much the fund’s monthly returns vary, scaled to a year.
19.6%
Annualised · 12 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.65
vs 3-month T-bills · 12 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−13.5%
13 months · trough Nov 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.14
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

VEXC Cost

Cheapest in Emerging Markets Stocks

$1,480

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • VEXC 0.07%

    $1,480

$10,000
30 years

Cost over time

  • VEXC 0.07%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$500$1K$1.5K051015202530VEXC $1,480

Year by year

YearVEXC
10$128
20$503
30$1,480

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